Citrus is one of the most important commercial fruit crop grownacross the globe. On a global scale orange constitutes over half of the totalcitrus production. A greater portion of this production is addressed to theindustrial extraction of citrus juice which leaves a bulk amount of residuesincluding peels. The peels of citrus fruits are composed of natural flavonoidsincluding many poly-methoxylated flavones rarely found in the peel of otherplants. Flavonoids are antioxidant compounds which are known to render severalhealth benefits including prevention of several chronic diseases such as heartdiseases and cancer. Apart from that the orange peel extract also contains higheramounts of other nutrients such as Vitamin C. For example, 3.5 ounce of orangepeel constitutes 136 milligrams of vitamin C. Orange peel extract is alsowidely used in cosmetic industry and is also used in the production of pectin.Approximately 13% of the world’s pectin is produced from orange peel.
Orange Peel Extract Market Segmentation:
The orangepeel extract market is segmented into, area of application anddistribution channel. By area of application the global orange peel extractmarket is segmented into, food and beverages industry, pharmaceutical industryand cosmetic industry. Orange peels are considered as rich source of essentialoils which are used since ancient times as flavoring agents for preparation offoods. Other than this orange peel extracts are also being used as naturalpigments and an effective source of colorants thus replacing synthetic pigmentscurrently available in the market. Demand for organic products has alsoincreased the sales prospects of orange peel extract in cosmetic industry wherea number of cosmetic products such as, lotions, tonics, soap, bath- and shower,hair conditioning formulations utilized orange peel extract as an additiveingredient. By distribution channel the orange peel extract market is segmentedinto, hypermarkets/supermarkets, retail stores, specialty stores, online retailand other retail formats. Hypermarkets/supermarkets segment, is expected todepict highest revenue shares in the global orange peel extracts market acrossthe globe.
Orange Peel Extract Market Regional Outlook:
On thebasis of region the global Alpine Herb Extract market is segmented into, NorthAmerica, Latin America, Western Europe, Eastern Europe, Asia Pacific excludingJapan, Japan and Middle East and Africa. The world’s largest producers ofdried citrus peels are in Argentina and Mexico. However, other prominentproducers are, U.S., Spain, peru and Bolivia. North America and Western Europeare expected to account for significant revenue shares in the global orangepeel extract market over the forecast period.
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Orange Peel Extract Market Drivers and Trends
Increasingacceptance of orange peel extracts in developed countries such as America andWestern Europe attributed to its popularity as a powerful source of vitaminsand flavonoids is driving the orange peel extract market over the forecastperiod. Furthermore, demand for cosmetic products comprising of more naturalorganic ingredients is driving the market for orange peel extract market.
Alsoincreasing demand for functional foods products translating into expandingmarket for hyrdrocolloids and increasing application in cosmetic andpharmaceutical industry is expected to contribute towards market growth oforange peel extracts market. Besides its application as natural texturizer forointments, oils and creams and as an superior thickener and stabilizer forshampoos, lotions and hair tonics, pectin is also used as an effective skinanti-aging agent.
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Orange Peel Extract Market Key Players:
Some ofthe key players offering Orange Peel Extract include; Beacon Commodities, PlantExtracts International Inc., Denk Ingredients, MB-Holding GmbH & Co.KG and others.
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